Benefits and Pension

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Employee Benefits at Mount Royal University


On this page you will learn more about:
  • Extended Health
  • Dental
  • Life Insurance
  • Accidental Death and Dismemberment (AD&D)
  • Long-Term Disability
  • Local Authorities Pension Plan (LAPP)
  • Optional benefits

Please note: your eligibility for the above noted Benefits & Pension are determined by your employment category.

No matter your employment category, all employees have access to MRU's Employee Family Assistance Program (EFAP). Our current EFAP provider is Inkblot Therapy. Click this link for more information.


If you have questions about Benefits & Pension after reviewing the information on this page, please contact the Benefits Team at benefits@mtroyal.ca.

 

 

Mount Royal's Pay Frequency Change and Your Pensionable Service in LAPP

In 2023, Mount Royal University moved from a semi-monthly pay schedule to a bi-weekly one. Due to cut-off dates and payroll cycles, this means full-time employees have accrued slightly less than the usual 1.0000 year of pensionable service for 2023 in the Local Authorities Pension Plan (LAPP).

As the Dec. 17 - 30, 2023 pay period was paid on Jan. 9, 2024, it must be reported in the 2024 pension year, per Canada Revenue Agency rules. Because of this, the 2023 pension year (Jan. 1 – Dec. 16, 2023) in service is .9615 of a year for full-time employees.

The 0.0385 of the remaining service that will be included automatically in a future year is counted into the correct pension calculation. LAPP assures us this will have no adverse effects to employees on service or earnings from a pension standpoint as they annualize your salary when calculating pension. Part-time employees will also see a slightly reduced figure and correct pension calculation.

Example:
-2022 Pension Year: Jan. 1 – Dec. 31, 2022; service reported = 1.0000
-2023 Pension Year (pay schedule changed): Jan. 1 – Dec. 16, 2023; service reported = 0.9615 (25 out of a possible 26 pay periods)
-2024 Pension Year: Dec. 17, 2023 – Dec. 14, 2024; service reported = 1.0000
-2025 Pension Year, employee leaves Mount Royal on Jan 25, 2025:
     Dec. 15, 2024 - Jan. 25, 2025: 0.1155 (0.0385 X 3 as 3 pay periods from Dec. 15 2024 - Jan. 25, 2025). LAPP takes the extra 0.0385 from 2025 and returns the service to 2023, giving 2023 a full year of service.

As you can see in the example above, in the 2023 transition year the member accrues less pensionable service than they would have accrued if their pay schedule remained the same. However, in the year of the member’s 2025 termination, the member accrues more pensionable service than they would have accrued if their pay schedule remained the same. In the end, the member is credited with the same amount of pensionable service that they would have accrued if their pay schedule remained the same.

Questions? Contact: benefits@mtroyal.ca.